Data Center - Oman

  • Oman
  • Revenue in the Data Center market is projected to reach US$62.58m in 2024.
  • Network Infrastructure dominates the market with a projected market volume of US$38.61m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.43%, resulting in a market volume of US$85.47m by 2029.
  • In global comparison, most revenue will be generated in the United States (US$123.20bn in 2024).

Key regions: United States, Germany, India, Japan, China

 
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Analyst Opinion

The Data Center Market in Oman has seen moderate growth due to factors such as the increasing demand for digital storage and networking infrastructure, as well as the rising awareness of the benefits of data center services. However, the market growth rate is currently hindered by factors such as limited investments and competition from neighboring countries.

Customer preferences:
As digitalization continues to expand in Oman, there is a growing preference for cloud-based solutions in the Data Center Market. This trend is driven by a need for remote access and management of data, as well as a desire for increased efficiency and cost-effectiveness. Additionally, there is a rise in demand for edge computing solutions, as businesses seek to reduce latency and improve overall network performance. These shifts highlight the increasing reliance on technology in Oman and the region, as well as a growing awareness of the benefits of digitalization in the data center industry.

Trends in the market:
In Oman, the Data Center Market is experiencing a surge in demand due to the rapid digitization of businesses and the increasing adoption of cloud computing. This has led to a rise in the use of colocation services, as more companies opt to outsource their data storage and management needs. Additionally, there is a growing trend towards green data centers, with a focus on energy efficiency and sustainability. These trends are significant as they highlight the need for reliable and secure data storage solutions, and the potential for growth in the data center industry. Industry stakeholders must stay updated on these trends to remain competitive and capitalize on the opportunities presented by the evolving market.

Local special circumstances:
In Oman, the Data Center Market is influenced by the country's strategic location between Asia, Africa, and Europe, making it an ideal hub for international connectivity. Additionally, Oman's government has implemented policies to attract foreign investment in the ICT sector, leading to the development of state-of-the-art data centers. The country's culture of innovation and its focus on sustainability also play a significant role in shaping the Data Center Market, with a growing demand for green and energy-efficient solutions.

Underlying macroeconomic factors:
The Data Center Market in Oman is heavily influenced by macroeconomic factors such as the country's stable economic growth, government initiatives to diversify the economy, and increasing investments in digital infrastructure. With a growing demand for data storage and processing, Oman's data center market is expected to witness significant growth in the coming years. Additionally, the government's focus on developing a knowledge-based economy and promoting digital transformation is further driving the demand for data center services in the country. Moreover, Oman's strategic location, favorable tax policies, and supportive regulatory environment make it an attractive destination for international data center providers, further fueling the market growth.

Methodology

Data coverage:

The data encompasses B2B enterprises. Figures are based on hardware-related expenses of businesses for setting up and maintaining an IT infrastructure.

Modeling approach / Market size:

Market sizes are determined through a top-down approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports and national statistical offices. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and level of digitization. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques, such as exponential trend smoothing and the S-curve function, is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.

Overview

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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